Top Indian Automobile Industry News & Updates - 02 Aug 2023,Wednesday

🏢 Industry

📝  ED raids Hero MotoCorp Chairman Pawan Munjal’s residence
📝  Tata Motors PV sales in July 2023 at 47,636 units
📝  India asks Tesla to copy Apple in pairing Chinese, Indian suppliers
📝  Mahindra passenger vehicle sales up 29 per cent in July
📝  Tata Motors targets to grow CNG share to 14% in FY24, looks to equalise it with EVs
📝  Passenger vehicle despatches record the best July ever
📝  India emerges as a global renewable energy powerhouse, says Union Minister Raj Kumar Singh
📝  No more new non-EVs for UT officials in Chandigarh
📝  Foxconn EV venture targets India, Thailand for new small car
📝  Bajaj Auto appoints Deepika Warrier as new head of marketing
📝  Balkrishna Industries, MRF among 4 auto stocks which hit new 52-week high on Tuesday
📝  Automakers may need to use 20% recycled inputs from 2026-27
📝  Indian auto industry is driving sustainable mobility through 6 initiatives
📝  Centre plans to scrap mandatory electric vehicle incentive-linked tests
📝  Maruti Suzuki to end manufacturing agreement with Suzuki Motor Gujarat
📝  Investments in fabs should increase for chip market to normalise: Bosch
📝  Car sales stay on track ahead of festive season
📝  Gujarat aims to become chip-making hub
📝  Existing ACC battery units may be able to apply for PLI
📝  Foxconn EV venture targets India, Thailand for small car launch
Read More >>

🎤 Interviews & Features

📝  Citroen C3 Aircross fuel efficiency vs Skoda Kushaq vs Hyundai Creta and more
📝  Automobile industry to find growth a bit more challenging this year: Mahantesh Sabarad
📝  Prices should keep coming down to help us provide more affordable PNG and CNG to customers: Adani Total Gas CEO
📝  Exports are driving the total volumes: RC Bhargava, Maruti Suzuki
📝  Maruti and some of the real estate stocks can be bought on dips: Deven Choksey
📝  Will the party in auto stocks continue? Kumar Rakesh explains
📝  Sierra is the beginning of our next design phase: Martin Uhlarik, Tata Motors
Read More >>

🚗 Cars / SUVs

📝  Maruti Suzuki sells 159,431 units in June 2023 in India
📝  Hyundai Motor India domestic sales grow marginally to 50,701 units in July
📝  Toyota Kirloskar Motor sells 21,911 units in July 2023 with 10%YoY growth
📝  MG Motor India July sales up 25% to 5012 units
📝  Maruti Suzuki total sales rise to 1,81,630 units in July
📝  New SUV launches to support Maruti’s growth but MSG buyout may impact RoCE
📝  Honda Elevate first-drive review: Late to the fight but worth the wait?
📝  SUVs drive up vehicle sales in July
📝  Honda Cars sales decline 28 pc in July
📝  What Suzuki Motor Gujarat acquisition means for Maruti Suzuki
📝  Toyota registers best-ever monthly sales in July; Innova, Hyryder lead volumes
📝  Nissan’s free monsoon check-up camps start July 15, 2023
📝  2023 Citroen C3 Aircross mileage revealed: Price announcement in October
📝  SUVs help Maruti Suzuki to post over 1.80 lakh sales in July, hatchback numbers decline
📝  Creta, Venue SUVs help Hyundai India to sell over 66,000 cars in July
📝  Citroen C3 Aircross fuel efficiency revealed: Check it out
📝  Honda Elevate coming in September, variants explained
📝  Hyundai Creta Adventure and Alcazar Adventure trademarked: Will launch soon
📝  Planning to buy Kia Seltos facelift SUV? Here's how much you'll have to wait
📝  Maruti, Hyundai record single-digit sales growth in July
📝  Proxy advisors, analysts favour cash deal to acquire Suzuki Gujarat plant
📝  Buyout impact, margin worries likely to cap gains for Maruti Suzuki
📝  Maruti Suzuki Jimny EV trends on internet as Mahindra Thar EV Concept rumoured reveal on August 15
📝  Maruti Suzuki, Hyundai record single-digit sales growth in July
📝  For Maruti Suzuki, market share continues to be a weak spot
📝  Maruti to acquire 100 per cent of Suzuki Motor Gujarat
Read More >>

Electric-Cars / SUVs

📝  Foxconn EV venture targets India, Thailand for new small car
📝  Mahindra to unveil Thar EV concept on August 15: All you need to know
Read More >>

🚗 Luxury Cars

📝  Shehnaaz Gill gifts luxury Mercedes-Benz to brother Shehbaz Badesha, priced over Rs 80 lakhs
📝  Off the mark: luxury car sales roar in India
Read More >>

⛟ Commercial Vehicles

📝  Ashok Leyland sells 15,068 units in July 2023
📝  Altigreen to use SAP’s cloud-enabled Enterprise Resource Planning software
📝  Zf Commercial Vehicle shares surge 2.72 per cent, Q1 net profit up 59 per cent
Read More >>

🏗 Construction & Agri Machinery

📝  Escorts Kubota sells 5,161 tractors in July 2023 in domestic market
📝  Mahindra & Mahindra tractor sales surge in July, shares rise over 1%
Read More >>

🏍 2/3 Wheelers

📝  Royal Enfield July 2023 sales up 32% to73,117 units
📝  TVS Motor July 2023 sales up 4% to 325,977 units
📝  Bajaj Auto 2W sales fall 15% to 2,68,840 units in July 2023
📝  Hero MotoCorp shares slump 4%, off 2-year high; what dampened D-Street mood?
📝  Suzuki Motorcycle India sells 107,836 units in July 2023
📝  Hero MotoCorp total sales fall 12 pc in July
📝  Honda 2Wheelers India sales witness sharp fall of 24% in July
📝  Hero MotoCorp’s sales drop 14% in July; attributes decline to incessant rains
📝  Yamaha R3 and MT-03 to launch in India soon
📝  New-gen Royal Enfield Bullet 350: What to expect?
📝  Hero Xtreme 160R rival: What to expect from new Honda motorcycle?
📝  Terms India as long-term opportunity: Trying to break Eicher’s monopoly, says Harley CEO Jochen Zeitz
📝  ED conducts searches at Hero Motocorp, Pawan Munjal’s premises in foreign currency case
📝  2024 BMW G 310 R, G 310 RR & G 310 GS launched with new colours
📝  Hero MotoCorp and Bajaj Auto's July two-wheelers sales in slow lane
📝  Hero Moto falls 7% from day's high amid report of PMLA case against Munjal
Read More >>

🚲 Electric 2/3 Wheelers

📝  Ola S1 Air deliveries are on track, says Ola Electric, as bookings cross 50,000 mark
📝  Meet Ola Electric's latest employee: A dog named Bijlee
📝  BattRE makes arrangements with 8 financial institutions for loans to EV customers
📝  Ather Energy sells 7858 units in July 2023
📝  Ola S1 electric scooter discontinued: S1 Air’s introductory price offer extended
📝  TVS iQube e-scooter sales cross 1.5 lakh units: Check month-wise report
📝  Udaan rolls out plans to expand presence in the Northeast India
📝  Ather 450S teased for the first time: Check it out
📝  Log9 Materials partners Hala Mobility to deploy 1500 BzinessLite electric two-wheelers
📝  E2Ws bounce back in July, E3Ws see acceleration in sales
📝  Electric 2-wheelers pick up, but yet to regain FY23 speed
Read More >>

⚙ Components

📝  Bosch Ltd Q1 2023 PAT at INR 409 crore
📝  Bosch earmarks ₹960 crore for R&D and capex
📝  Wheels India posts ₹13 crore net in Q1 on higher exports
📝  Sona BLW plans to spend 1.1k cr to 1.2k cr capex in next 3 years
📝  Anand Group operating engineers to pursue B Tech in Shri Vishwakarma Skill University
📝  Bosch Ltd to increase manufacturing in India to pare component import
📝  Bosch bets big on hydrogen technologies
📝  Bosch eyes double digit growth in FY24 driven by premium vehicles
Read More >>

🌇 Allied Industries

📝  Tata Power launches RFID-enabled cards for EV charging
📝  Discount Tires: Enhance Your Driving Experience with Bridgestone TURANZA QUIETTRACK
📝  Tire Reviews: Helping You Choose the Perfect Set of Wheels
📝  The Ultimate Convenience: Buying Michelin CrossClimate 2 Tires Online at NeoTires
📝  Yuma Energy appoints Muthu Subramanian and GM and MD
📝  Sahasra Semiconductors to start assembling chips in two months
📝  Exide Industries rallies 7%, inches to record high on improved Q1 earnings
Read More >>

🌢 Fuels, Lubricants & Charging Stations

📝  Petrol demand rises in July, diesel sales fall as monsoon ebbs demand
📝  State-run oil cos' petrol sales rise 3.8%, diesel sales drop 4.3% in July
📝  Fuel optimization drives sustainability and efficiency to logistics industry
📝  Oil holds near three-month high on signs supply is tightening
📝  15 minutes EV charging unveiled! New tech by Exponent Energy
📝  Windfall tax on crude up 165% as oil nears $85/barrel
Read More >>

🌍 Emissions/Environment

📝  India striving to achieve balance between energy needs & reducing emissions: Power Minister
Read More >>

💸 Finance & Insurance

📝  BattRE partners 8 financial institutions for easy EV loans
Read More >>

📖 Magazines News

📝  Ola leads the way as EV market recovers in July 2023
📝  Pininfarina PURA Vision concept unveiled
📝  Lamborghini Revuelto India launch in December 2023
📝  Mahindra XUV300 facelift to get panoramic sunroof
📝  Upcoming Tata EV double decker bus leaked via patent image
📝  Maruti to build EVs for Toyota, Suzuki for global markets
📝  Honda Elevate review: Was it worth the wait?
📝  Ola S1 Air vs S1 Pro: what’s different?
Read More >>

📰 International News

📝  Albemarle to take 5% stake in Patriot Battery Minerals for Canada lithium
📝  Daimler Truck hits record returns margin amid rising costs
📝  BMW lifts outlook, warns inflation and supply issues not over
📝  Skoda unveils Kamiq and Scala models with enhanced design, technology
📝  Mexico, US reach labor agreement at Draxton auto parts plant in Mexico
📝  Lamborghini could sell 10,000 cars in 2023, says CEO
📝  Kia EV5 to break cover in flesh this month, looks like a trimmed EV9. Know more
📝  GM recalls 900 vehicles with Takata air bag inflators, blames manufacturing
Read More >>


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